ZEROBASE CeDeFi · Ethereum

USDC

Overview

The ZEROBASE CeDeFi USDC pool on Ethereum is a single-asset stablecoin deposit where users earn yield through the protocol's basis trading strategy. The protocol generates returns by arbitraging price differences between on-chain and off-chain markets for USDC, capturing the spread as profit. This makes it one of several venues for USDC deposits that leverage CeDeFi strategies.

The total APY is 9%, composed of a base yield of 7% and an additional reward layer of 2%. Both the 7-day and 30-day trend data are flat at 0%, indicating stable returns. The current rate is below the 30-day mean of 9%, suggesting recent compression in arbitrage opportunities.

TVL stands at $16,112 with no change over the past week, indicating stability given its size. Primary exposure for this pool is depeg risk on the underlying USDC stablecoin. The CeDeFi strategy relies heavily on market conditions and liquidity depth to maintain consistent yield generation.

Composed 2026-05-22 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 9.00%; 30-day mean is 9.00%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 77% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.